MIRA
INFORM REPORT
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Report Date : |
05.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
TRICON ENERGY INC |
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Registered Office : |
777 Post Oak Blvd, Suite 650, Houston, TX 77056 |
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Country : |
United States |
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Date of Incorporation : |
30.04.1996 |
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Com. Reg. No.: |
0139761200 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Facilitates Global Commerce and Physical Movement of Industrial Chemicals,
Petrochemicals, and Motor Gasoline Components. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Maximum Credit Limit : |
USD 20,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
TRICON ENERGY INC
Company acronym: --
Contact Information
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Address |
777 Post Oak Blvd, Suite 650 Houston, TX 77056 USA |
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Telephone |
713-963-0066 |
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Fax |
7713-985-6190 |
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Website |
www.triconenergy.com |
Registration Data
|
Date of Registration |
04-30-1996 |
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Registration number |
0139761200 |
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Legal address |
777 Post Oak Blvd, Suite 650 Houston, TX 77056 USA |
|
Legal Form |
Corporation – Profit |
Shareholders
with Shares
|
Shareholder Names |
Share% |
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TRICON ENERGY LTD 2 F1, M-Building, 364-70, Hapjeong-Dong,
Mapo-gu, Seoul, 121-884, Korea |
100 |
Board/Executive
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Name |
Ignacio TORRAS |
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Position within the company |
President, Director,
CEO and Treasurer |
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Name |
Jeffrey McNEAR |
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Position within the company |
Vice President,
Director and Secretary |
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Name |
Richard FARRELL |
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Position within the company |
Vice President and Director |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Intermediation business.
Tricon Energy facilitates global commerce and physical movement of industrial
chemicals, petrochemicals, and motor gasoline components.
Products include aromatics, anhydrides, chloralkali, chlorinated
solvents, plasticizers, polymers and other solvents.
Staff
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Number of staff employed |
12 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Far East |
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Exports To |
Worldwide |
Facilities
|
Rented |
Office |
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Premises Size |
1,000 sq. feet |
Subsidiaries
and Participation
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Parent Company |
TRICON ENERGY LTD, Korea |
Bankers
|
Bank |
Wells Fargo Bank |
Suppliers,
Partners
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Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
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Source |
Bank |
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Figures are |
Declared |
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Currency |
USD |
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Months |
Sales Figures |
Sales |
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12 |
31/12/2007 |
1,200,000= |
Reporter Comments
|
Comments |
The Company is late to
pay its federal taxes and is not in good standing. The business is slow
due to actual crisis. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. According to our credit analysts, during the last 6 months, 92% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 10 days
beyond terms. Caution as the Company is doing business as a
representative only. |
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MAX CREDIT |
USD 20,000= |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 20,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.69 |
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UK Pound |
1 |
Rs.72.96 |
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Euro |
1 |
Rs.63.46 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)